“The net worth of these tycoons appear obscene, happening amid a sea of poverty and hunger in the Philippines. The gap between the rich and poor has grown over the past years. We now have 15 billionaires on one hand and some 11.2 million poor families on the other hand,” said Bayan secretary general Renato M. Reyes, Jr.

Reyes noted the growing number of billionaires and poor people belie the Aquino administration's claims of inclusive growth.

"The Aquino government has failed to address the growing gap between rich and poor because it has no real program for land reform and rural poverty, no sustainable program for job-generation, and no plan for industrialization. It views gains in the stock market as a reliable indicator of growth, instead of looking at the actual conditions of the people," he said.

Reyes noted the wealth of the tycoons, who own the top companies in the country, have been increasing while workers' wages have barely moved.

According to Bayan, the net income of the country's top 1,000 corporations grew from P116 billion in 2001 to P756 billion in 2009. However, the basic wages of workers only increased from P222 a day in 2001 to P291 a day in 2009.

Bayan also cited a study by Ibon Foundation, which compared Forbes' report on the wealthiest Filipinos with the results of the 2009 Family Income and Expenditure Survey.

"In 2009, the net worth of the 25 richest Filipinos of $21.4 billion is equivalent to the combined annual income of the country’s poorest 11.1 million families... The top ten in the latest Forbes list already control almost everything from energy, transportation, real-estate, mining, banking, toll ways and many others. They are part of the powerful 1% of Philippine society," Reyes said

Charity Project

Think of Retiring and do Business in Philippine. DON'T

Until you Get our comprehensive Class95cafe retirement orientation package with 1 month accommodation lodging and food, extended visa. ..have a first hand experience,culture,business and retirement hidden cost what is Philippine all about. Don't believed what you read or hear from the those feel good retirement packages selling Philippine as a paradise. It can be true like saying goes Paradise to some and hell to others. But believed what YOU SEE AND EXPERIENCE yourself, Interact with our inner circle of foreigner who had been staying here for many years. MOVING across the world to some place new can be a real culture shock. Even hair does not behave the same way. To help retirement to cope with the changes, class95cafe in the last couple of years have organised new activities that show them how to survive in Philippine- down to taming the crowning glory.
We had teaming up with local partners to organise such activities charity visit to school, Basketball activities, Church and some local fesita event.If interested drop me an Email me at class95cafe@live.com.sg. Skype Class95cafe

FREE Accomodation at Class95cafe Restaurant Lodging PHILIPPINE.

Do you like the idea that you could be staying for one or two nights in an area which is unfamiliar to you, with people who might be able to show you the ins and outs of the area, the must see places, perhaps recommend accommodations that are low priced or at a cheap rate - instead of hotel rip-offs?
We are based near sunny Gamu Isabela, Philippine, is offering free accommodation to WAYN,Coach Surfer,tour boarding members. We would like to host people who would be interested in volunteering their skills to add value before, during or after their stay at the our place. This can be in the form of mentoring young people, handy work,computers, among many other possible tasks. Over in Isabela you have the most popular mountain bike park, nature trails, horse riding, Caving, Seaside or if you prefer have fun imagine pitching your own tents while the chorus of cicadas, crickets and frogs serenade you under the starry sky in our backyard just sit back relax.

Point your camera phone at the QR code below

About Me

Singapore charity project

In Philippines we are the first to operating a Internet gaming café and restaurant in Gamu Guibang Isabela selling Singapore clay pot rice and food. Our Secondary business is online import and export, business facilitator management for local and overseas market. We had been doing our small role for the community in Gamu since a year ago like cash donation for the student in Furao gamu elementary school. book donation to beef up their library, computer for the teacher and student also clothes, shoes and school stationary to the needy in Gamu. Because of our limited resources as an ongoing commitment to source for more resources for the school in Isabela, Luzon. http://class95cafes.blogspot.com/2009/04/charity-event.html.